March 5, 2015

Toronto, a city increasingly segmented between rich and poor, now has more super-rich residents than any other city in North America except New York, a new survey has found.

The report from real estate consultancy Knight Frank ranked Toronto as the 12th “most important” city in the world for people with a net worth of US$30 million or more, referred to as “ultra high net worth individuals” (UHNWIs).

The survey found there are 1,216 such super-rich people in Toronto, the second-highest number in North America, behind only New York, with 3,008 super-rich people. Los Angeles recorded 969 people with US$30 million or more, while Chicago had 827.